Investing General Discussion

taebin

Same trailer, different park
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450
Did you just recently convert to a margin account? When you turn on margin in an account it automatically converts all cash to margin even if it's technically cash. It's still treated as cash though, they just need to all read the same for Fidelity to track/trade it properly. It'd be nice if they warn people about this, I almost freaked out too when I first turned on margin.
How do you go about fixing it then? Or does it automatically re-sync? I recently bumped my Option level higher which required margins be turned on, even though I have no plan to use them.
 

Fogel

Mr. Poopybutthole
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56,489
How do you go about fixing it then? Or does it automatically re-sync? I recently bumped my Option level higher which required margins be turned on, even though I have no plan to use them.
It'll fix itself and sync up, just takes a couple days for them to convert everything over.
 
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Tmac

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My dad just took over my grandmother's CD's, cash, and bonds. She has $1,009,000 total and like $777,000 in cash. Holy shit?

He's starting to talk to advisors on what to do with it. I discussed all I'd learned here with him yesterday, but was wondering if there's any obvious big picture stuff to consider?
 

Ravishing

Uninspiring Title
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Got out of EYES up 25%, been holding for a couple weeks now and missed out on the last couple 15-16 price ranges.
Waiting for the next drop to 12-14.
This stock seems to spike into 16-17 at least once a week.
One to keep an EYE on if you're swinging :)
 
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Ravishing

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EYES at -7% from +20%. Looks like I might be buying back in sooner than later.
 
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Jackie Treehorn

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What Fidelity funds are good for the 401k at this point? I have a decent amount of money sitting in BrokerageLink. Retirement, say, 20 years out. Sane but maybe a little aggressive.

Note however unfortunately my company doesn’t allow full control of things and I’m limited.
 
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Pogi.G

Silver Baronet of the Realm
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If you are 100% feeling this will happen, without a doubt in your mind, move to cash and wait for this big dip. You just need to be prepared mentally for what happens if you are wrong and it doesn’t happen. You will miss out on gains the entire time you’re in cash.

I did this last year and it paid off bigly for me. If the crash didn’t happen though, I’d have missed out a long period of gaining. I wasn’t 100% sure (Just impossible with the stock market) so I only moved 80% to cash. I still would have missed out a lot if I was wrong though.

Do what you want but prepare yourself for if you’re wrong, even if you feel 100% confidence it’s going to happen.

Yup. Changed my mind. If I withdraw my account, it will put me in the next tax bracket at 32% this year and would raise my taxes due to over 100k and that is even before tacking on the 10% penalty for early withdrawal. FUCK that!

I hate the government. I get it though. Taxes are taxes and it is needed; however, a lot less would be needed if our government didn't go and do stupid shit with our money like give pakistan 100s of millions of dollars for gender studies programs...
 
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Hateyou

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Yup. Changed my mind. If I withdraw my account, it will put me in the next tax bracket at 32% this year and would raise my taxes due to over 100k and that is even before tacking on the 10% penalty for early withdrawal. FUCK that!

I hate the government. I get it though. Taxes are taxes and it is needed; however, a lot less would be needed if our government didn't go and do stupid shit with our money like give pakistan 100s of millions of dollars for gender studies programs...
You don’t withdrawal the money. You reallocate it to whatever cash/low risk option you have within your retirement account. No taxes or penalties happen during reallocation.
 
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Sanrith Descartes

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What Fidelity funds are good for the 401k at this point? I have a decent amount of money sitting in BrokerageLink. Retirement, say, 20 years out. Sane but maybe a little aggressive.

Note however unfortunately my company doesn’t allow full control of things and I’m limited.
Mutuals or ETF? If ETF, for the long haul I like FTEC.
 
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TheBeagle

JunkiesNetwork Donor
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Yup. Changed my mind. If I withdraw my account, it will put me in the next tax bracket at 32% this year and would raise my taxes due to over 100k and that is even before tacking on the 10% penalty for early withdrawal. FUCK that!

I hate the government. I get it though. Taxes are taxes and it is needed; however, a lot less would be needed if our government didn't go and do stupid shit with our money like give pakistan 100s of millions of dollars for gender studies programs...
Sounds like you shouldn't make any moves if you don't know the difference between going to cash and withdrawing for a penalty.
 
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Sanrith Descartes

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Should I care about one vs the other? Should some be in mutual funds and some ETF?

Are you all in on one or the other? I’m bad at this stuff.
Mutuals historically have grande net fees vs ETFs. Good quality index ETFs will come in at the sub 0.10% fee (or $10 per $10,000 invested). Fidelity teams with Blackrock to offer like 500+ Blackrock ETFs with no transaction fees (plus Fidelity has its own small number of ETFs). Come to think of it, I think Fidelity may have offered a couple of index Mutuals with a zero fee recently. Assuming you have no bias (I wont own GOOG, TWTR or FB), you can run with IVV (SP500), or ITOT (Total US Market) for like 0.03%, or if you dont want the GOOG, FB, AMZN crowd FTEC (pure tech similiar but not quite the same as the XLK) fee is 0.08%.
 
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Sanrith Descartes

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It seems like just yesterday everyone on CNBC was talking about negative interest rates... Newp.
The 10-yr yield is now 15% (or 26 basis points) higher than the dividend yield on the SPY

1616114965016.png


1616115082560.png
 

Jackie Treehorn

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Mutuals historically have grande net fees vs ETFs. Good quality index ETFs will come in at the sub 0.10% fee (or $10 per $10,000 invested). Fidelity teams with Blackrock to offer like 500+ Blackrock ETFs with no transaction fees (plus Fidelity has its own small number of ETFs). Come to think of it, I think Fidelity may have offered a couple of index Mutuals with a zero fee recently. Assuming you have no bias (I wont own GOOG, TWTR or FB), you can run with IVV (SP500), or ITOT (Total US Market) for like 0.03%, or if you dont want the GOOG, FB, AMZN crowd FTEC (pure tech similiar but not quite the same as the XLK) fee is 0.08%.

Thanks as always. I'll do a bit of a combination on these. Will see how the market pans out the next few days to see if I can get in on a bit of a dip or not. A lot of my 401k money is unallocated at the moment.
 

Sanrith Descartes

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Thanks as always. I'll do a bit of a combination on these. Will see how the market pans out the next few days to see if I can get in on a bit of a dip or not. A lot of my 401k money is unallocated at the moment.
Honestly IVV or ITOT is really boiled down to do you want the 500 big caps or do you want all the mid/small/micro caps too. FTEC is only if you want to piss on a handful of the big tech companies. Of course there is always the QQQ as well.

Full disclosure: I am long with FTEC as my core holding and QQQJ as a second ETF giving me some exposure to the up and coming Nasdaq companies (the Nasdaq 101-200).